# Morgan Stanley has projected a massive rally for Indian equities, setting a base-case target for the BSE Sensex at 95,000 by December 2026.

*business · news · 2026-04-09 · Republic World*

## Key points

- Morgan Stanley projects the BSE Sensex to reach 95,000 by December 2026.
- Indian equities are now valued more attractively relative to bonds for the first time in five years.
- Sensex earnings are expected to compound at 17% annually through FY28, driven by domestic demand.
- A bull case sees Sensex at 1,07,000 if oil drops below $60/barrel and government reflation exceeds expectations.
- Foreign portfolio investor positioning is at historic lows, increasing potential for a sharp market rally if funds return.

**Companies:** Morgan Stanley
**Countries:** India, United States

[Read the full story on Republic World](https://www.republicworld.com/business/business-markets-morgan-stanley-sensex-target-95000-december-2026-upside)

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